3/1-3 Norman Court, Newnham, TAS 7248 | Property Value & History | OnTheHouse
OFF MARKET

3/1-3 Norman Court
Newnham TAS 7248

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 73m2
Land area: 150m2
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Property Details for 3/1-3 Norman Ct, Newnham

3/1-3 Norman Ct, Newnham is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1992. The property has a land size of 150m2 and floor size of 73m2. While the property is not currently for sale or for rent, it was last sold in October 2017.

Building Type
Unit
Year Built
1992
Floor Size
73m2
Land Size
150m2
Local Government
Launceston
Lot/Plan
3/56083

Last Listing description (April 2018)

Very neat two bedroom brick veneer unit within 5 minute walk to the University and the Maritime College. Large open lounge and kitchen with doors out to the private rear yard which is fully fenced. Both bedrooms are good sizes and both with built-ins plus more linen cupboards in the hallway.
Recently, the bathroom has been modernised, a heat pump installed and a brand new range-hood added.
Currently lived in by its owners who have made this unit into a lovely home. They would like to rent back at $240/week on a long lease.

This would make an excellent investment property with a gross yield of almost 8%.

Property History for 3/1-3 Norman Ct, Newnham, TAS 7248

A timeline of how this property has performed in the market
Last Sold
$158,000
02 Oct 2017
Listed for Rent
$210/w
21 Apr 2010
  • 02 Oct 2017
    Sold for $158,000
  • 13 Sep 2017
    Listed for Sale $165,000
  • 31 Aug 2016
    Sold for $138,000
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About Newnham 7248

The size of Newnham is approximately 6.1 square kilometres. It has 8 parks covering nearly 2.7% of total area. The population of Newnham in 2016 was 6453 people. By 2021 the population was 7073 showing a population growth of 9.6% in the area during that time. The predominant age group in Newnham is 20-29 years. Households in Newnham are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Newnham work in a labourer occupation.In 2021, 60.70% of the homes in Newnham were owner-occupied compared with 60.40% in 2016.

Newnham has 2,984 properties. Over the last 5 years, Houses in Newnham have seen a 69.74% increase in median value, while Units have seen a 63.74% increase. As at 31 January 2026:

  • The median value for Houses in Newnham is $539,298 while the median value for Units is $381,850.
  • Houses have a median rent of $500 while Units have a median rent of $400.
There are currently 10 properties listed for sale, and 1 property listed for rent in Newnham on OnTheHouse. According to Cotality's data, 131 properties were sold in the past 12 months in Newnham.

Suburb Insights for Newnham 7248

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.